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10 Vital Steps to Create a Strong Business Plan

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In the opening paragraph of an article about business plans, you probably expect to see the words of a well-known and successful business leader or strategist. But they’re not the only category of people who have to make plans, right? That’s why I will quote a fantastic French writer—Antoine de Saint-Exupéry—instead, “A goal without a plan is just a wish.”

If you want to turn your business wishes into the goals, you should learn how to compose proper business plans. Start by following these 10 steps:

1. Define your goal

Why are you making this business plan? Do you want to start your own company or develop a new project for your employer? You have to answer these questions, as your responses will determine the type of business plan you need:

Start-up business planWhen you need it: If your business doesn’t yet exist.Goal: to present your business idea to potential investors and partners.Growth business planWhen you need it: your business exists, but you want something...(continued)
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